Bitwise CIO Matt Hougan praised the success of Bitcoin ETFs, highlighting the 13F filings submitted to the SEC that show significant institutional investment. Hougan noted that 563 professional firms disclosed $3.5 billion in Bitcoin ETF holdings, predicting this could rise to 700 firms and $5 billion. K33 Research data supports these findings, showing over 900 companies invested in Bitcoin ETFs by Q1 2024. Hougan emphasized the importance of institutional participation in driving the future success of Bitcoin ETFs.

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